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Gold prices rose $7.79 an ounce on Thursday as the dollar softened despite better-than-expected U.S. inflation data.
Gold prices dropped $9.12 on Wednesday as the dollar extended its rally. Easing geopolitical concerns dulled desire for safe haven diversification and pushed major U.S. stock indexes to fresh records.
Gold edged higher on Tuesday, recovering a portion of the previous day’s losses, as the dollar pared gains.
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Gold prices ended Monday’s session down $9.25 as investors continued to cash in profits from a recent rally that pushed the market to the highest level in a year.
Gold prices settled at $1346.48 an ounce on Friday, rising nearly 1% over the course of the week, as safe-haven demand continued to lure investors into the market.
Gold prices ended Thursday’s session up $14.62 an ounce, helped by a slumping U.S. dollar.
Gold prices ended lower on Wednesday as the majority of market participants opted to remain on the sidelines ahead of the European Central Bank meeting.
Gold prices fell in U.S. trading on Wednesday, giving back all of the gains made in the previous session.
Gold prices rose $5.28 on Tuesday to settle at their highest levels in nearly a year as the weakness in the dollar and equities markets whetted investors’ appetite for the relative safety of the precious metal.
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XAU/USD swung between gains and losses after opening with a gap up and ended the day with minor losses.
Gold prices settled at $1324.59 an ounce on Friday, making a gain of 2.4% on the week and 4.1% over the month.
Gold prices rose $12.06 an ounce on Thursday after the Fed’s preferred inflation gauge remained below its annual target and the latest housing data came in weaker than expected.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices ended Wednesday’s session down $1.12 as the dollar moved higher on the back of better-than-expected economic data.
Gold fell on Tuesday after hitting a multi-month high in the session as some investors used this opportunity to take profit.
Gold prices fell in U.S. trading on Tuesday, erasing earlier gains, as a rebound in stock markets put pressure on the metal.